China Extends New Year Holiday as Death Toll Jumps From Virus

The transcript discusses the ongoing coronavirus situation, highlighting over 2700 confirmed cases and the Chinese government's response, including leadership involvement and stern measures. The economic impact is significant, affecting markets globally, with closer regions experiencing stronger effects. The transcript also notes the unusual government actions during the Lunar New Year and the potential long-term economic consequences.

What is the current number of confirmed cases mentioned in the text?

What measures are Chinese officials taking in response to the outbreak?

What is the significance of the actions taken by Xi Jinping during this crisis?

How has the Lunar New Year period been affected by the situation?

What impact has the outbreak had on the Chinese economy and markets?